This property looks like a bad Long-Term investment with a projected -15.08% first-year return on $103k initial cash invested.
-15.08%
Cash On Cash
3.15%
Cap Rate
0.53
DSCR
$2,626
Rent
-$1,299
Cashflow
Cash Flow
$2,626 income − $3,925 expenses = $1,299 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,420
Closing costs
1%
$4,921
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,626
Total Expenses
$3,925
Mortgage P&I
94%
$2,459
Property Taxes
22%
$577
Home Insurance
8%
$206
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0